The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-07-09
A REVIEW OF TRADE.
The Situation Still One of Considerable
Uncertainty.

Uncertainty.
NEW YORK, July S.-R. G.. Dun e. Cos
review of trade for the week says the bust
ness of the broken week has been on the
whole encouraging The prospects with
which the half year opens are generally
satisfactory, and yet the financial uncer-
tainties are not entirely removed and there
remain great speculative operations which
disturb and threaten.
Crop prospects continue good, though re-
liable reports OF injury from drought and
bugs come from Western Nebraska The
southern reports are uniformly unfavorable
As to cotton. An increase of ten per cent. in
the acreage of hay is reported, with q prob
able increase of yield in all sections except
the Central West, though the quality is not
quite SO satisfactory.
WHEAT IN LARGE DEMAND.
Wheat has been in large demand, the ex-
ports from the Atlantic ports having reached
l5,500,OO0 bushels for five weeks, but the
supply carried over is about as was antici-
patcd California carries over about $780,
600 bushels with prices 30c. per Genital above
the parity of Liverpool, a situation which
may have significance, but holders talk of
keeping their stock through the year. At
New York the great decline which followed
the June corner has invited large export
buying and prices stlien q little.
The business failures occurring through
out the country during last week, as re-
ported to r. G.. Dun 81 Co., number for
the United States 1876 and for Canada IS, n
total of l54, against 1S1 last week and 1917
the week previous.
THE IRON OUTPUT.
The weekly output of iron July was
l0S,9S6 tons, a gain of | 122 tons over June
but many furnaces are still idle because of
ha lgI
output is about y, 900 tons less than in May
The half years production of 3, l57 ,2l7 tons
is about $4,000 more than that of last years s
first half The dealers talk of u rise III the
prices for a time, though later in the year
increasing production may cause a reaction
but temporary rise will depend on a con-
tinuance of railroad building and that on
the market for securities.
RAILWAY BUILDING.
In six months 3, IA miles of railway have
been completed, and the RaiLtodB Age
thinks the record for the year will exceed
10000 miles, but any monetary pressure
would affect sales of stock. The financial
situation at Now York is better because
the Treasury disbursements have exceeded
the receipts by nearly $10,0000O0 the past
week, but at some Western and Southern
points, especially where real estate sales and
building have been active, tightness of
IllOltS HpItttiS. nus IlOlGy is CLOSE NJ
Nashville, active at to 8 per cent at Cleve-
land, and interest is s to 10 per cent. at
Omaha, where building permits for "a, ,000,-
600 have been issued this year.
PAYING UP
Western cities have been paying back
part of heavy loans made here to meet
emergencies after the wheat collapses, but
the banks at Cincinnati feel that it is proper
60 maintain strong position and prefer not
to go outside their regular customers here.
A feeling prevails that the disturbance re-
sulting from great speculation may not be
over, and that unsettled deals in railroads
and the stock market need close watching.
Foreign trade does not look more healthy
The past two weeks exports from
New York have fallen 10 per cent
below last year, while the imports will
average about 10 per cent. larger than last
year, the wheat movement helps, and a
little foreign demand for corn and larger
exports Of refined sugar, but cotton is held
too high for export, though it has declined
an eighth and pork products and oil are
practically unchanged